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BNC: 16731 COCA: 10339

moratorium

Word family
Related topics: Government, Law, Loans
mor·a·to·ri·um /ˌmɒrəˈtɔːriəm $ ˌmɔː-/ noun (plural moratoriums or moratoria) [countableC usually singular]  
1 PGSTOP something THAT IS HAPPENINGan official stopping of an activity for a period of time 〔官方对某项活动的〕暂停
moratorium on
 a moratorium on nuclear testing
核试验的暂停
2 SCLBFLa law or an agreement that gives people more time to pay their debts 允许延期偿债的法律[协议]
 a two-year moratorium on interest payments
两年延后付息
Examples from the Corpus
From Longman Business Dictionary
moratoriummor·a·to·ri·um /ˌmɒrəˈtɔːriəmˌmɔː-/ noun (plural moratoria /-riə/ or moratoriums) [countableC usually singular]
1a period of time when a particular activity is officially stopped
the lifting (=ending) of a trade moratorium
moratorium on
the US moratorium on the production and export of landmines
2 (also debt moratorium)FINANCE a law or an agreement that gives countries, organizations etc more time to pay their debts
Banks have helped out several big property concerns on the verge of insolvency by offering debt moratoriums or other refinancing options.
moratorium on
When a business finds itself seriously short of cash, it can ask its creditors for a moratorium on debt payments.
Origin moratorium
(1800-1900) Modern Latin Late Latin moratorius delaying, from Latin morari to delay
mor·a·to·ri·um noun
Chinese
Syllable
Corpus

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